ERRIA Buys APM Terminals

MarineLink.com
Thursday, May 30, 2013
Bien Hoa Container depot operated by ECS has a capacity of 3,500 teus strategically located next to Bien Hoa Industry zone & Binh Duong Industry zone.

ERRIA A/S confirmed that they have acquired APM Terminal´s 51 percent stake in APM Saigon Shipping (APMSS).


APM Saigon Shipping (APMSS) is an inland container services company with about 300 employees, which annually handles and maintains approximately 350,000 containers in Vietnam.


APMSS is a 51/49 Joint Venture with "Saigon Shipping J/S Company”, where ERRIA has had a 34 percent ownershipfor more than 10 years.


ERRIA's ambition is to expand the strong position that APMSS has built up over more than 20 years and continue to serve existing customers of international container transport of which Maersk Lineis the largest.


As of today, the company is renamed "ERRIA Container Services" (ECS), and the existing General Manager, Le Ahn Tuan, remains unchanged. The new Chairman of (ECS) will be CEO Henrik N. Andersen, of ERRIA A/S.


”This transaction provides ERRIA with significant and immediate growth and ensures that ERRIA execute on its strategic ambition to grow as announced at the Annual General Meeting in April. We are excited about this long-term investment in Vietnam. Through "ERRIA Container Services" (ECS), we have found a company with the same values and an excellent management team" said CEO Henrik N. Andersen, ERRIA A/S.

 

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Asia-N.Europe Box Rates Jump 26 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped by 26 percent to $591 per 20-foot container (TEU) in the week ended on Friday,

CMA CGM-led Consortium Win Box Terminal Bid

The consortium formed by CMA CGM, Bolloré and CHEC won the bid process initiated by the Cameroonian government Following the bidding procedure initiated by the Cameroonian government,

BIMCO Outlines LIS Week Schedule

BIMCO’s breakfast brief, titled “The Future Of Maritime Security” is aimed at CEOs and Directors who will have an opportunity to hear more on the latest threats

Container Ships

Asia-N.Europe Box Rates Jump 26 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped by 26 percent to $591 per 20-foot container (TEU) in the week ended on Friday,

CMA CGM-led Consortium Win Box Terminal Bid

The consortium formed by CMA CGM, Bolloré and CHEC won the bid process initiated by the Cameroonian government Following the bidding procedure initiated by the Cameroonian government,

CMA CGM 2Q Post Higher Profit

In the second quarter, CMA CGM demonstrated the strength of its business model by significantly outperforming the market, despite a sharp fall in freight rates

Mergers & Acquisitions

Keppel Acquires Cameron's Rig Business

Singapore's Keppel Offshore & Marine (KOM), via subsidiary, Keppel Offshore & Marine USA  has inked a deal with Cameron International Corporation, a US-based oil and gas solutions provider,

TASI Acquires SignalFire Telemetry

TASI HOLDINGS INC. announced today it has completed the acquisition of all shares of SignalFire Telemetry, located in Hudson, Massachusetts.  This new acquisition

IRS Opens Office in Abu Dhabi

Indian Register of Shipping (IRClass), a leading Classification Society, today announced it has opened offices in Abu Dhabi. Abu Dhabi is the second office

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2669 sec (4 req/sec)